protocols
/protocols1597
a place to discuss protocols and protocol design
Need someone that understands git/citc to pressure test me
email is sufficiently decentralized & 4 clients together have 90% market share
sufficiently decentralized is a pretty low bar relative to that set by most crypto protocols
sufficiently decentralized is a pretty low bar relative to that set by most crypto protocols
I suggested a thought experiment to train the understanding of complex systems, which is essential for mechanism design. Latest Powerlaw memo was super fun to write and contemplate.
https://powerlaw.systems/memo-w46-nov-2024
https://powerlaw.systems/memo-w46-nov-2024
What do you guys think about this break down of what a web3 protocol can be defined as?
Anything to add / suggestions?
Planning to use this in one of our internal onboarding sessions..
Anything to add / suggestions?
Planning to use this in one of our internal onboarding sessions..
The thread unfolding underneath the cast below has so many great takeaways regarding protocol design and protocol communication.
The true value of Farcaster is hidden in those threads were the few truly curious engage to explore new ideas together. In particular, we explain Uvio's dual-step decision making process.
I realize that everyone I talk to about information markets has the same first emotional reaction: token weighted voting does not work. Yes, you are right, and that is also why Uvio is not doing token weighted voting. On Uvio Information Markets you stake on opinions and vote on real outcomes, that is why it is dual-step. This is not Futarchy, because Uvio actually works.
I would love to ask every mechanism designer here to find a flaw in Uvio's dual-step decision making process. I dare you with all the love in my heart!
The true value of Farcaster is hidden in those threads were the few truly curious engage to explore new ideas together. In particular, we explain Uvio's dual-step decision making process.
I realize that everyone I talk to about information markets has the same first emotional reaction: token weighted voting does not work. Yes, you are right, and that is also why Uvio is not doing token weighted voting. On Uvio Information Markets you stake on opinions and vote on real outcomes, that is why it is dual-step. This is not Futarchy, because Uvio actually works.
I would love to ask every mechanism designer here to find a flaw in Uvio's dual-step decision making process. I dare you with all the love in my heart!
this but for social protocol https://x.com/0xCygaar/status/1847354267436535874
Theorem: Data availability and verifiability ensure the ability to fork networks (including existing web2 ones)
One of the attributes of onchain protocols is the guarantee of permissionless access to a network. Is there a way to guarantee that without smart contracts?
Does git guarantee a similar quality and interoperability?
Does git guarantee a similar quality and interoperability?
🤡 Daily reminder: platforms will continue to treat third party developers like shit until we replace them with credibly neutral protocols
The web is missing native distribution, discovery, payments, and identity. We’ve hacked it together
We’re rebuilding this infra
We’re rebuilding this infra
Writing the Powerlaw memo for this week I remembered an oddly interesting moment realizing how wrong certain chicken-egg problem statements are framed.
People struggle with the notion of system inputs and system outputs, because those elements are likely multiple things, depending on a very specific context.
So I thought some of the protocol priests appreciate this little excerpt.
People struggle with the notion of system inputs and system outputs, because those elements are likely multiple things, depending on a very specific context.
So I thought some of the protocol priests appreciate this little excerpt.
𝐍a𝐭u𝐫e a𝐛h𝐨r𝐬 𝐚 𝐜l𝐨s𝐞d p𝐫o𝐭o𝐜o𝐥
Have you guys looked at Finternet ? I can do a large post if interested.
Finternet is similar to blockchain but takes regulators and governments in consideration to build digital, open, peer to peer protocol.
Finternet is similar to blockchain but takes regulators and governments in consideration to build digital, open, peer to peer protocol.
These protocols invading towns and disintermediating markets?
https://warpcast.com/perhats/0xaef70edb
Who the fuck does he think he is?
https://warpcast.com/perhats/0xaef70edb
Who the fuck does he think he is?
I personally have never had much interest specifically in DeFi but it’s been insightful to get a little more familiar with Stellar and the value these types of protocols bring to the world.
A concise but detailed intro into the topic for those new to crypto by our very own @rileybeans
A concise but detailed intro into the topic for those new to crypto by our very own @rileybeans
I want to write a paper titled: "Hashcash is all you need (to protect attention)"
Putting this prediction on the record: any decentralized, permissionless, open protocol that doesn't have some form of cryptoeconomic spam protection will devolve into SMTP fiefdom where only a few players end up as the defacto gatekeepers.
Putting this prediction on the record: any decentralized, permissionless, open protocol that doesn't have some form of cryptoeconomic spam protection will devolve into SMTP fiefdom where only a few players end up as the defacto gatekeepers.
Autodesk and the like are all over the physical design ecosystem with antiquated tech migrating to the cloud
For the new players to win, they can’t continue being adversarial especially with the AI bets
Onchain mechanics can assist in aligning devs, users, and corps. 3D printing is a light entry way into upstream CAD as Physna has proven with Thangs. Playing with positioning @objects there first
For the new players to win, they can’t continue being adversarial especially with the AI bets
Onchain mechanics can assist in aligning devs, users, and corps. 3D printing is a light entry way into upstream CAD as Physna has proven with Thangs. Playing with positioning @objects there first
The main feature of Chainlink that keeps it going is outsourcing risk.
They charge insane fees (value extractive). The question is why wouldn’t big DeFi protocols internalize that functionality to capture more value?
It’s because of the risks in sourcing off chain data. Easier to let a specialized “protocol”
They charge insane fees (value extractive). The question is why wouldn’t big DeFi protocols internalize that functionality to capture more value?
It’s because of the risks in sourcing off chain data. Easier to let a specialized “protocol”
Love this thread from @corpetty
It's much easier to say "we'll decentralize later" rather than bite the bullet and decentralize now.
Farcaster, Status, IPFS, Swarm among others are still quietly building on that original p2p Bittorrent vision.
https://x.com/Corpetty/status/1828069937602019731
It's much easier to say "we'll decentralize later" rather than bite the bullet and decentralize now.
Farcaster, Status, IPFS, Swarm among others are still quietly building on that original p2p Bittorrent vision.
https://x.com/Corpetty/status/1828069937602019731
Protocol doesn't get protocol benefits until protocol hardens
PSA ig
PSA ig
Ironing this out for @objects
What’s the predecessor of IG? Uploading your camera photos to your computer?
SMS is obviously before WhatsApp. Wordpress before X/FC makes sense but could be better.
What’s the predecessor of IG? Uploading your camera photos to your computer?
SMS is obviously before WhatsApp. Wordpress before X/FC makes sense but could be better.